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REGISTERED NUMBER: 01918084















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Negus Chase Limited

Negus Chase Limited (Registered number: 01918084)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Negus Chase Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr P N Bridges
Mr D J Twyman





SECRETARY: Mr D J Twyman





REGISTERED OFFICE: Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG





BUSINESS ADDRESS: Chapmans Farm
Pristling Lane
Staplehurst
Tonbridge
Kent
TN12 0HH





REGISTERED NUMBER: 01918084





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Negus Chase Limited (Registered number: 01918084)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,880 62,173

CURRENT ASSETS
Stocks 169,272 161,211
Debtors 5 375,909 307,187
Cash at bank 57,940 190,183
603,121 658,581
CREDITORS
Amounts falling due within one year 6 316,466 423,507
NET CURRENT ASSETS 286,655 235,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,535

297,247

PROVISIONS FOR LIABILITIES 9,235 11,813
NET ASSETS 324,300 285,434

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 324,298 285,432
SHAREHOLDERS' FUNDS 324,300 285,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Negus Chase Limited (Registered number: 01918084)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





Mr D J Twyman - Director


Negus Chase Limited (Registered number: 01918084)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Negus Chase Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Negus Chase Limited (Registered number: 01918084)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 38,969 4,847 106,929 150,745
DEPRECIATION
At 1 September 2022 33,059 4,099 51,414 88,572
Charge for year 887 527 13,879 15,293
At 31 August 2023 33,946 4,626 65,293 103,865
NET BOOK VALUE
At 31 August 2023 5,023 221 41,636 46,880
At 31 August 2022 5,910 748 55,515 62,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 336,575 301,024
Amounts recoverable on contract 34,965 -
Other debtors 4,369 6,163
375,909 307,187

Negus Chase Limited (Registered number: 01918084)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 235,978 334,288
Taxation and social security 31,196 31,327
Other creditors 49,292 57,892
316,466 423,507

7. SECURED DEBTS

The overdraft facility is secured by a fixed charge over book debts and a floating charge over all of the other assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2

9. PENSION COMMITMENTS

The company operates an auto-enrolment pension scheme for staff. Contributions by the company to this were £6,592 (2022: £4,096). At the year end, employer contributions of £593 (2022: £425) had not been paid over to the scheme.